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$AEP agrees to sell its subsidiary AEP River Operations to American Commercial Lines (ACL), owned by Platinum Equity, for $550MM. Upon close of the deal, ACL will acquire AEP River Operations by purchasing all the stock of AEP Resources. $AEP expects to report a net gain of approx $125MM from the sale in 4Q15. The deal is expected to close in 4Q15.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?